Visual Representation of American Wealth Inequality

acri1

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Your work is worth what you get paid to do it. If you want to get paid more, renegotiate with your employer, switch employers or find something else to do.

Also if you are not managing the cost side of your balance sheet effective you might as well not even bother. What good is more money if you are just going to mismanage it.

:childplease:

Explain these charts then:

wages-stagnate-productivity-grows-570x389.png


Screen%20Shot%202013-03-08%20at%2011.36.19%20AM.png



So despite being more productive, the overall value of our labor all of a sudden started to go down in the early 70s? I guess everybody just decided to stop working hard at that point. Well, other than the top 1% who all of a sudden started deserving more. :stopitslime:
 

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:childplease:

Explain these charts then:

wages-stagnate-productivity-grows-570x389.png


Screen%20Shot%202013-03-08%20at%2011.36.19%20AM.png



So despite being more productive, the overall value of our labor all of a sudden started to go down in the early 70s? I guess everybody just decided to stop working hard at that point. Well, other than the top 1% who all of a sudden started deserving more. :stopitslime:
I put it like this man. When you adjust for inflation a Honda Accord today costs the same as a Honda Accord from 20-30 years ago. But the Honda Accord today is bigger, faster, safer, more fuel efficient, more refined, better equipped, etc. But I if I said "hey you need to pay 3-4x more for cars today because they are so much better than they used to be", you would hit me with the same :childplease:. What's the difference? Value is value.

Plus a lot of those gains in productivity didn't come from "working harder", they came from technological advances like the PC, robotic automation, broadband internet, etc. etc. The people who invest in these technologies as well as the people who invented and continually improve on these technologies are the ones who are seeing the most profit from these changes- as they should be. Someone working at McDonalds shouldn't get $50/hr because they went from working an analog cash register to a digital one... the job function is still the same, the quality and work ethic of the employee is the same, the product is the same... only thing that's changed are the tools and the process.
 

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This is def more prevalent as you go down the socioeconomic scale but its hardly a problem limited only to poor people. And like anything in the US if you put work into it you will get something out of it.

In the context of making money the whole goal of school is just to set yourself up for the next thing. So if you are in a shytty high school, but you take getting to college seriously, study for your SATs, and put together your college apps right you should be able to get into some kind of college. Will you have it as easy as the middle class kid, no, but then he doesn't have it as easy as the CEO's son. There are definitely inequalities and problems with the educational system in the US, but in the meantime you can't wait for shyt to get better, you have to play the card you are dealt. I know people hate to hear it, but folks from much worse situations than poor Americans come here and do well, and many poor Americans still make it out. So yea we should work on fixing the system, but we should also try and emulate the successful whenever we can.

There is a huge divide in educational quality AND economic achievement in this country. I don't think that's a coincidence.
 

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I put it like this man. When you adjust for inflation a Honda Accord today costs the same as a Honda Accord from 20-30 years ago. But the Honda Accord today is bigger, faster, safer, more fuel efficient, more refined, better equipped, etc. But I if I said "hey you need to pay 3-4x more for cars today because they are so much better than they used to be", you would hit me with the same :childplease:. What's the difference? Value is value.

:no: not true at all
 

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There is a huge divide in educational quality AND economic achievement in this country. I don't think that's a coincidence.
I think they are related, but the educational gap is far from the only or even the primary driver in the wealth gap. It is pretty big in the context of income, but again, not really a factor if legitimate hard work is a factor.
 

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Now you're changing the subject :steviej:

Lot of people just need to own up to the fact that their labor is worth what they are getting paid for it for (or in many cases less due to the litigious nature of US society) and that they make terrible decisions in the context of creating wealth.

There's problems for sure, but ignoring factors you can control so you can play the victim role is the worst way to solve your problems.

not changing the subject...this IS THE SUBJECT breh

what are you even talking about? :stopitslime:
 

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:no: not true at all
How is it not true?

New 2013 Honda Accord EX- $25K, 2013 dollars

New 1993 Honda Accord EX (in 1993)- $19K, 1993 dollars, $31K, 2013 dollars

So cars deliver more for the dollar (even before inflation. The 2013 LX is $22K, only thing the 1993 EX has that it doesn't is a sunroof). Why is it unreasonable for employers to expect the same of employees, given all the advancements in productivity made in the workplace?
 

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not changing the subject...this IS THE SUBJECT breh

what are you even talking about? :stopitslime:
You said "i want to be paid more for my labor"

Then you went into a whole bunch of shyt about how a revolution is coming.

My conversation with you is about why you feel you deserve more for your labor, and how "the system" is preventing you from getting it. I couldn't care less about all that other shyt you are talking about.
 

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I think they are related, but the educational gap is far from the only or even the primary driver in the wealth gap. It is pretty big in the context of income, but again, not really a factor if legitimate hard work is a factor.

I disagree kids from poor backgrounds who try hard, sometimes still don't make it. Kids from middle/upper class backrounds can not try that hard and make plenty of mistakes and still make it. If this country was to see REAL socialeconomical opportunity parity. We would see a much more even distribution of wealth. People are created by society American society is set up for only SOME to make it, so SOME make it.
 

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I put it like this man. When you adjust for inflation a Honda Accord today costs the same as a Honda Accord from 20-30 years ago. But the Honda Accord today is bigger, faster, safer, more fuel efficient, more refined, better equipped, etc. But I if I said "hey you need to pay 3-4x more for cars today because they are so much better than they used to be", you would hit me with the same :childplease:. What's the difference? Value is value.

Plus a lot of those gains in productivity didn't come from "working harder", they came from technological advances like the PC, robotic automation, broadband internet, etc. etc. The people who invest in these technologies as well as the people who invented and continually improve on these technologies are the ones who are seeing the most profit from these changes- as they should be. Someone working at McDonalds shouldn't get $50/hr because they went from working an analog cash register to a digital one... the job function is still the same, the quality and work ethic of the employee is the same, the product is the same... only thing that's changed are the tools and the process.

The biggest problem with everything that you say is that you assume that workers can bargain for wages or that the threat of them going elsewhere can bring about some sort of change in what they're paid. This is not the case. Especially due to the deterioration of labor unions and the fact that the Taft Hartley Act outlawed secondary boycotts, which means that workers in one industry cannot boycott and protest the actions of an employer in a different industry or sector as a means of bringing about change. This limit the ability of workers in that other industry to bargain over their wages and basically leaves them beholden to the benefits that the employer will give them. The wages of workers are not a result of what their work is worth, but rather what employers feel their work is worth in a market where their bargaining power is limited. Dishwashers, drivers and everyone else in Las Vegas is unionized (that industry has embraced unions) and because of that those workers are able to exercise a higher quality of living. They are no less replaceable than people who occupy that same positions elsewhere.

Also, your argument relies on the premise that the technological advances that have brought in more efficiency should result in an increase of CEO pay, but not worker pay. If what you said is even true. The fact is since 1978, CEO's pay has risen 728% and worker pay has risen 5.7%. Estimates range that top executive pay is anywhere from 188 to 400x that of the average worker. Being paid more is one thing, but that rate makes no sense.
 

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You said "i want to be paid more for my labor"

Then you went into a whole bunch of shyt about how a revolution is coming.

My conversation with you is about why you feel you deserve more for your labor, and how "the system" is preventing you from getting it. I couldn't care less about all that other shyt you are talking about.

Really? :ld: What do you think causes a revolution friend? Regular citizens like me are now realizing how messed up the situation is....and it is no longer black people 'whining'. Poor Whites/ Middle Class Whites eyes are the ones that are popping open now. There is already great distrust in the government among them how do you think this is going to look years from now if the trend continues?

The American Dream is about living comfortably and having something to pass down to your heirs. If that Dream is no longer a reality money-wise what do you think is going to happen? I gave you a solution to the current problem & the end result if nothing changes. Its really quite simple.
 

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I put it like this man. When you adjust for inflation a Honda Accord today costs the same as a Honda Accord from 20-30 years ago. But the Honda Accord today is bigger, faster, safer, more fuel efficient, more refined, better equipped, etc. But I if I said "hey you need to pay 3-4x more for cars today because they are so much better than they used to be", you would hit me with the same :childplease:. What's the difference? Value is value.

Plus a lot of those gains in productivity didn't come from "working harder", they came from technological advances like the PC, robotic automation, broadband internet, etc. etc. The people who invest in these technologies as well as the people who invented and continually improve on these technologies are the ones who are seeing the most profit from these changes- as they should be. Someone working at McDonalds shouldn't get $50/hr because they went from working an analog cash register to a digital one... the job function is still the same, the quality and work ethic of the employee is the same, the product is the same... only thing that's changed are the tools and the process.

Nobody is saying cashiers should make $50/hr.

But there's no reason they should be making less than they were a few decades ago despite technically being more productive. In the last 30 years, CEO pay grew about 127 times faster than worker pay. I don't see how it's because they all "deserve" it.

Furthermore, on a large scale, it's not economically healthy for a tiny percentage of the population to have most of the wealth. It's just not. Poor/middle class people spend most of their money (on housing, goods, and service) and thus keep the economy going, whereas the rich don't. Having 80% of the countries wealth sitting in the bank accounts of a few wealthy people is not helping the economy in any way whatsoever. I honestly don't understand how people see this as not being a problem.

I think they are related, but the educational gap is far from the only or even the primary driver in the wealth gap. It is pretty big in the context of income, but again, not really a factor if legitimate hard work is a factor.

All of that matters, but despite what people (especially on the right) would like to believe, by far the biggest predictor of how much money you'll make is how much your parents made. It's not just a matter of education and how hard you work. Having friends/family in positions of power, being in with the right "network", etc. matters more than people want to admit.

http://www.nytimes.com/2012/01/05/u...ise-from-lower-rungs.html?pagewanted=all&_r=0

Despite what a lot of people think, it's easier to move up the social latter in "socialist" countries like Canada and the UK than it is here.

At least five large studies in recent years have found the United States to be less mobile than comparable nations. A project led by Markus Jantti, an economist at a Swedish university, found that 42 percent of American men raised in the bottom fifth of incomes stay there as adults. That shows a level of persistent disadvantage much higher than in Denmark (25 percent) and Britain (30 percent) — a country famous for its class constraints.

Meanwhile, just 8 percent of American men at the bottom rose to the top fifth. That compares with 12 percent of the British and 14 percent of the Danes.

Despite frequent references to the United States as a classless society, about 62 percent of Americans (male and female) raised in the top fifth of incomes stay in the top two-fifths, according to research by the Economic Mobility Project of the Pew Charitable Trusts. Similarly, 65 percent born in the bottom fifth stay in the bottom two-fifths.
 

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I disagree kids from poor backgrounds who try hard, sometimes still don't make it. Kids from middle/upper class backrounds can not try that hard and make plenty of mistakes and still make it.
This is how its always been :what: You take two kids of equal talents, equal work ethic, but give one regular parents and the other one rich parents, the rich one will do better 9 times out of 10. Thats not unfair, thats life

I have a coworker who just bought a condo. Her grandmother just died and left her half a million dollars. Should her grandmother have been forced to give that money to the state to prevent her grand daughter from having an "advantage"?

If this country was to see REAL socialeconomical opportunity parity. We would see a much more even distribution of wealth. People are created by society American society is set up for only SOME to make it, so SOME make it.

Theres only two ways to make this happen that I can think of, unless you have another idea.

The first way is communism. I am not being sensationalist. If you equalize everyone's wealth and income, then by proxy nobody can have a parental or even systematic advantage.

The second way is to separate kids from their parents as soon as they are born and have some central unbiased agency raise them.

There's big problems with the first solution I don't think we need to get into. The second solution kind of eliminates the whole point of having kids. Having kids is like one of the most basic human things; I don't think anyone would want to do it if they had to give their kids away. Even surrogate mothers cannot have someone else's kid until they have a few of their own due to the emotional attachment. Taxation is not the answer either. So I am at a loss. How would you tackle the wealth/income disparity in the country, and what do you think of the fact that there has always been a pretty big wealth/income gap, even in "the good old days". Why should we be focusing on the gap instead of just trying to enable middle class Americans to be able to afford to buy homes, send their kids to college and retire? Why is makign sure everyone can become a 1%er a goal when that has never been a possibility?
 

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The biggest problem with everything that you say is that you assume that workers can bargain for wages or that the threat of them going elsewhere can bring about some sort of change in what they're paid. This is not the case. Especially due to the deterioration of labor unions and the fact that the Taft Hartley Act outlawed secondary boycotts, which means that workers in one industry cannot boycott and protest the actions of an employer in a different industry or sector as a means of bringing about change. This limit the ability of workers in that other industry to bargain over their wages and basically leaves them beholden to the benefits that the employer will give them. The wages of workers are not a result of what their work is worth, but rather what employers feel their work is worth in a market where their bargaining power is limited. Dishwashers, drivers and everyone else in Las Vegas is unionized (that industry has embraced unions) and because of that those workers are able to exercise a higher quality of living. They are no less replaceable than people who occupy that same positions elsewhere.

Employees can bargain for wages. The problem with this whole argument is that you assume the only way workers can negotiate pay is through collective bargaining. Thats not the case at all.

You bring up dishwashers/drivers as an example. Why. Anyone can do these jobs, that labor defines a commodity. Its no different than a gallon of gas. If you go to a gas station and they are charging $10/gallon, would you go there when someone else has gas for $4/gallon down the street, because the $10/gallon guy "feels he deserves to get paid more"? Why should it be any different for a dude looking to hire a dish washer? If all the gas stations came together and decided to charge $10 a gallon for gas, they would get in trouble with the law for price collusion. But if laborers do it, it's "collective bargaining". Price collusion is price collusion, doesn't matter if the govt signs it into law like they did with the UAW or you dress it up with a new name.

People talk about hard work... part of hard work is positioning yourself so you don't have a job that either nobody wants you to do or that literally anybody could do. You are way too focused on the paycheck side of the equation anyway. $10/hr is enough to live a decent life in some parts of the country. Like I said a thousand times we should be asking why so many basic things are becoming so expensive... not why a CEO makes so much money. If you took a CEO's pay and gave it back to all the workers, in many cases, ESPECIALLY with big corporations, it wouldn't make anywhere near the difference you think it would. I think for McDonalds employees it was something like $20 a YEAR. For Walmart workers it was a couple thousand, but still pretty much hovering around the poverty line.

Also, your argument relies on the premise that the technological advances that have brought in more efficiency should result in an increase of CEO pay, but not worker pay. If what you said is even true. The fact is since 1978, CEO's pay has risen 728% and worker pay has risen 5.7%. Estimates range that top executive pay is anywhere from 188 to 400x that of the average worker. Being paid more is one thing, but that rate makes no sense.
No, thats not what my argument relies on at all. A CEO's pay, hell, all the executives in a company's pay, usually aren't a huge chunk of profits/revenue. The people who are making big money are the shareholders- who most times also include the CEOs of the company, but with a bunch of clauses that basically makes their stocks in the company a retirement package.

I don't disagree that there are issues with executive pay, but at the end of the day executive pay is a small part of a company's operating costs and often times isn't big enough to really make a big dent in the avg worker's paycheck. More importantly though executive pay is one of those things workers have never had any control over or say in, so it seems pretty stupid to worry about that.

Nobody is saying cashiers should make $50/hr.

But there's no reason they should be making less than they were a few decades ago despite technically being more productive. In the last 30 years, CEO pay grew about 127 times faster than worker pay. I don't see how it's because they all "deserve" it.
Thats what they've negotiated for. That's the value they have convinced executive boards and shareholders they have contributed to their companies. It's not perfect, but it is what it is. If you were applying for a job, would you want someone w/no clue what you do, a significantly lower salary than you and personal/financial incentives for docking your pay to have any kind of say in what you got paid?

Furthermore, it's not economically healthy for a tiny percentage of the population to have most of the wealth. It's just not. Poor/middle class people spend most of their money (on housing, goods, and service) and thus keep the economy going, whereas the rich don't. Having 80% of the countries wealth sitting in the bank accounts of a few wealthy people is not helping the economy in any way whatsoever. I honestly don't understand how people see this as not being a problem.

Again, even during "the good old days", everything you said aside from the % of wealth the rich held was the case. Would how much some CEO had in the bank matter if the avg American could afford healthcare, housing and college? If not, why does it matter now?


All of that matters, but despite what people (especially on the right) would like to believe, by far the biggest predictor of how much money you'll make is how much your parents made. It's not just a matter of education and how hard you work. Having friends/family in positions of power, being in with the right "network", etc. matters more than people want to admit.

http://www.nytimes.com/2012/01/05/u...ise-from-lower-rungs.html?pagewanted=all&_r=0
I don't think anyone is afraid to admit that. At least not successful people. But whenever anyone brings up how the decisions poor people make perpetuate cylces of poverty, a lot of folks here get defensive/combative/eager to change the subject. So it goes both ways, as it always has, and IMO it always should.

Despite what a lot of people think, it's easier to move up the social latter in "socialist" countries like Canada and the UK than it is here.
:dwillhuh:

Having a central health care system doesn't make Canada or the UK "soooooo much more" socialist than the US. By nearly any other measure they are just as capitalist. IF anything maybe a little less given the extent of the bailouts we took on during the crash. A more honest comparison would be with China, which has heavy hands in all industries and actually identifies as socialist. Do you think it is easier to move up the ladder in China than here?
 

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This is how its always been :what: You take two kids of equal talents, equal work ethic, but give one regular parents and the other one rich parents, the rich one will do better 9 times out of 10. Thats not unfair, thats life

I have a coworker who just bought a condo. Her grandmother just died and left her half a million dollars. Should her grandmother have been forced to give that money to the state to prevent her grand daughter from having an "advantage"?
Who said anything about giving money away?

The goverment should at least give equal opportunity to all citizens. You take a poor kid from a shytty backround. Give him a shytty education, and shytty opportunities, and then when he doesn't make it you say. "Well you just didn't try hard enough". "It's your culture" :rudy: Foh with that shyt. I understand that some people inherit advantages but the government shouldn't exacerbate that dynamic with policy.



Theres only two ways to make this happen that I can think of, unless you have another idea.

The first way is communism. I am not being sensationalist. If you equalize everyone's wealth and income, then by proxy nobody can have a parental or even systematic advantage.

The second way is to separate kids from their parents as soon as they are born and have some central unbiased agency raise them.

There's big problems with the first solution I don't think we need to get into. The second solution kind of eliminates the whole point of having kids. Having kids is like one of the most basic human things; I don't think anyone would want to do it if they had to give their kids away. Even surrogate mothers cannot have someone else's kid until they have a few of their own due to the emotional attachment. Taxation is not the answer either. So I am at a loss. How would you tackle the wealth/income disparity in the country, and what do you think of the fact that there has always been a pretty big wealth/income gap, even in "the good old days". Why should we be focusing on the gap instead of just trying to enable middle class Americans to be able to afford to buy homes, send their kids to college and retire? Why is makign sure everyone can become a 1%er a goal when that has never been a possibility?

You do nothing but create and destroy straw men. Who said anything about any of this shyt your talking about? I just said that opportunity is not equal in this country therefore achievement isn't equal.
 
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